Quite a few people, in the current market, need more flexibility in the timing of purchasing their next home. They might have their equity tied up in a home that will take a while to sell, or they may be relocating from one town to another.
Grand Bend at Green Bay recently announced a rent-to-own program that credits 25% of a buyer's rent to the purchase of their Grand Bend condo.
A limited number of units are being offered in the program for a limited time. Purchase price of the units ranges from the $190s for a 1-bedroom, $290s for 2-bedroom units, and from the $570s for 3-bedroms.
Disclosure: Grand Bend is a client of my firm.